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Diamonds News
Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal 
By: Martin Creamer 3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... →
Consultants offer energy efficiency planning, implementation
3rd February 2023 Making a mine energy efficient requires plenty of planning, which ideally means proactively designing for efficiency from an early stage in a project, says consulting engineers and scientists SRK Consulting. “Many mining companies are embracing new technology for energy efficiency, but there is... →
Ramaphosa to deliver keynote address at Mining Indaba
By: Martin Creamer 2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. →
High Court grants release of historic diamond parcel to Vast Resources
By: Marleny Arnoldi 2nd February 2023 The High Court of Zimbabwe has granted a default order against the Minister of Mines and Mining Development, relating to a historic parcel of 129 400 ct of rough diamonds, which will be released to Aim-listed Vast Resources. The company expects to receive the signed court order in coming days,... →
Strong operational performance delivers 6% y/y increase in De Beers' fourth-quarter output
By: Chanel de Bruyn 2nd February 2023 Diamond miner De Beers, a subsidiary of Anglo American, achieved a 6% year-on-year increase in rough diamond production to 8.2-million carats for the fourth quarter of 2022. The miner said this reflects a strong operational performance across its assets, but partially offset by the planned... →
Gem mulls power supply options for Lesotho mine impacted by loadshedding
By: Tasneem Bulbulia 1st February 2023 London-listed Gem Diamonds says the company is considering potential long-term alternative power supply options for its Letšeng mine, in Lesotho, which has also been affected by rotational power cuts, or loadshedding, implemented by South African power utility Eskom. CEO Clifford Elphick points... →
De Beers cautiously optimistic that diamond demand will grow
By: Tasneem Bulbulia 1st February 2023 Diamond miner De Beers sold $450-million of rough diamonds in the first of ten sales cycles this year. This compares with the $660-million of rough diamonds sold in the first sales cycle of 2022 and the $417-million of rough diamonds sold in the tenth sales cycle of 2022. →
Namibia Chamber optimistic about industry’s 2023 prospects
By: Nadine James 27th January 2023 Mining industry organisation Namibia Chamber of Mines (NCM) states that it is “very positive” on the trajectory of the local mining industry, stressing that it expects it to grow on the back of increased output from the diamonds and uranium sectors. “In the short term, growth in the mining sector... →
Lucapa reports fourth-quarter operational records, positive exploration results
By: Tasneem Bulbulia 24th January 2023 ASX-listed Lucapa Diamond Company achieved a solid performance in the fourth quarter, ended December 31, MD Stephen Wetherall says in the company’s quarterly activities report for the period. Lucapa has interests in two producing diamond mines – Lulo, in Angola, and Mothae, in Lesotho – in... →
BlueRock forced to suspended Kareevlei operations following DMRE inspection
By: Creamer Media Reporter 23rd January 2023 Diamond miner BlueRock Diamonds has suspended operations at its Kareevlei mine, in South Africa, following an unscheduled visit by officials of the Department of Mineral Resources and Energy (DMRE) on January 20. The officials issued an instruction in terms of Section 54 and Section 55 of the... →
Tsodilo to raise C$440 000 for Botswana project
By: Tasneem Bulbulia 23rd January 2023 International diamond and metals exploration company Tsodilo Resources has negotiated a non-brokered private placement of 2.2-million units of the company, which will provide gross proceeds of C$440 188.20. Proceeds from the private placement will be used for the advancement of the Xaudum iron... →
Mountain Province starts 2023 with good momentum
By: Mariaan Webb 20th January 2023 Canadian diamond miner Mountain Province has entered the 2023 cold weather and ice road resupply season with good momentum and a backdrop of a resilient rough diamond market,” CEO Mark Wall said on Thursday. Having had a challenging start to 2022, mainly owing to a spike in Covid cases at the... →
Private sector energy, Africa Hydrogen export, Williamson mine make headlines
20th January 2023 Mining Weekly Editor Martin Creamer unpacks the 9 GW of various energy projects in the private sector; Africa's position to export hydrogen; the now contained tailings breach at Petra Diamonds Williamson mine. →
Botswana Diamonds completes Marsfontein construction
By: Donna Slater 19th January 2023 LSE-listed diamond developer and miner Botswana Diamonds has completed construction of its Marsfontein alluvial project, in Limpopo, South Africa, and has started stripping of the overburden overlying the gravels. As such, MD James Campbell says production is imminent. →
Green hydrogen mine mobility on way in India to platinum applause
By: Martin Creamer 19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. →
Anglo American's large nuGen zero emissions haulage solution.
November mining output down 9% y/y amid loadshedding
By: Darren Parker 17th January 2023 South Africa’s mining production fell by 9% year-on-year in November last year Statistics South Africa (Stats SA) reports in its latest mining production and sales report. The 9% decline is a slight improvement over the 11% year-on-year dip that was recorded in October. However, financial... →
BlueRock ramps up waste stripping
By: Donna Slater 17th January 2023 Aim-listed diamond producer BlueRock Diamonds reports that waste stripping increased in December as mining activities at its Kareevlei diamond mine, in Kimberley, South Africa, returned to normal after the focus was shifted to ore from the KV2 resource to feed the plant to determine the realistic... →
Measures to contain diamond mine tailings breach complete – Petra
By: Martin Creamer 17th January 2023 When the eastern wall of a tailings storage facility at the Williamson diamond mine, in Tanzania, was breached on November 7 last year, precautionary measures to contain the tailings material and strengthen the New Alamasi water dam were carried out at the operation which is owned 75% by... →
Rio's output increases in 2022
By: Esmarie Iannucci 17th January 2023 Mining major Rio Tinto has increased production across the majority of its commodities in the full year ended 2022, compared with 2021, and was anticipating higher copper production in 2023 following the acquisition of Turquoise Hill Resources at the end of last year. “The acquisition of... →
Historic Koffiefontein diamond mine to be placed on care and maintenance – Petra
By: Martin Creamer 16th January 2023 London-listed Africa-focused Petra Diamonds announced on Monday that the historic Koffiefontein diamond mine would be placed on care-and-maintenance. As reported by Mining Weekly in May last year, Petra was exploring a responsible exit from its investment in the Koffiefontein diamond mining... →
Lucapa recovers 41 diamonds in Lulo bulk sample
By: Esmarie Iannucci 16th January 2023 Diamond miner Lucapa has recovered 41 diamonds, including two specials weighing 15.27ct and 12.37ct from a bulk sample at the Lulo kimberlite mine, in Angola. The bulk sample of some 2 200 m3, or 5 641 t of kimberlite material, returned the 41 diamonds weighing a collective 66.05 ct, with 12... →
China’s reopening should underpin commodity demand acceleration – Barclays
By: Martin Creamer 13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... →
Diamcor looks to continue operational upgrades at South Africa project
By: Tasneem Bulbulia 12th January 2023 Junior miner Diamcor Mining notes in an operations and corporate update for its Krone-Endora at Venetia project, in South Africa’s Limpopo province, that various operational upgrades were advanced during the second half of 2022. Higher revenue was also achieved, despite the ongoing power outages... →
Platinum-boosting clean hydrogen projects, patents are all the rage
By: Martin Creamer 11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... →
Enable South Africa to become green hydrogen centre – ANC
By: Martin Creamer 9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... →
De Beers' final sales cycle of the year generates $410m
By: Creamer Media Reporter 21st December 2022 Diamond miner De Beers sold $410-million of rough diamonds in its final sales cycle of this year. "Demand for our rough diamonds over the final sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas... →
Studies confirm Kareevlei plant can achieve 90 000 t a month target
By: Tasneem Bulbulia 15th December 2022 Aim-listed BlueRock Diamonds notes in an operational and corporate activity that the results of the two-month test to determine the realistic capacity of the Kareevlei plant at the diamond mine in South Africa, which started in mid-October and was carried out with the assistance of mining and... →
Lucapa receives further A$8.8m tranche from Sociedade Mineira Do Lulo
By: Darren Parker 14th December 2022 ASX-listed Lucapa Diamond Company has received a further A$8.8-million tranche from diamond company Sociedade Mineira Do Lulo (SML). That completes the previously approved SML shareholder loan repayment of A$14.8-million, Lucapa said on December 14. →
South Africa's mining production down 10.4% y/y in Oct
By: Creamer Media Reporter 13th December 2022 South Africa's mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank's economics unit pointed out that this marked the ninth consecutive month... →
Petra reports a year-on-year decrease in revenue from diamond sales
By: Darren Parker 13th December 2022 Diamond producer Petra Diamonds has announced the results of Tender 3 of its 2023 financial year, at which 305 366 ct were sold for $42.3-million. The results of Tender 3 bring revenue for the current financial year to date from rough diamond sales to $206.4-million, with no exceptional diamond... →
World’s rapid rate of change resulting in profound business disruptions, says Anglo CEO
By: Martin Creamer 9th December 2022 The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining... →
Diamcor reports two lucrative tenders for the third quarter
By: Marleny Arnoldi 9th December 2022 TSX-V-listed Diamcor Mining has achieved a 121% quarter-on-quarter increase in total carats sold to more than 8 300 ct, for revenues exceeding $2-million, in the third quarter. This, says CEO Dean Taylor, demonstrates the company’s ability to generate significant revenues without the added... →
Extortion ‘mafia’ hits South Africa’s $55bn mining sector
By: Bloomberg 9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... →
Botswana Diamonds reports project development progress
By: Tasneem Bulbulia 8th December 2022 Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company. The company on December 8 reported its results for the financial year... →
Lulo continues to deliver for Lucapa
By: Esmarie Iannucci 8th December 2022 Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that some 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample, with five diamonds... →
Anglo invests $200m to accelerate zero emissions haulage solution
By: Martin Creamer 7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... →
De Beers appoints its first black-owned sightholder in South Africa
By: Marleny Arnoldi 5th December 2022 As part of diamond miner De Beers Group’s strategic objective of driving transformation in the local diamond sector, the group has appointed its first majority black-owned sightholder, Molefi Letsiki Diamonds (MLD), effective January 1 next year. Molefi Letsiki is an alumnus of De Beers’... →
Phase 1 drilling completed for extension discovery at Gahcho Kué mine
By: Tasneem Bulbulia 1st December 2022 Canadian miner Mountain Province Diamonds has published Phase 1 drilling results for the discovery, as reported in July, of the Hearne Northwest Extension at the Gahcho Kué mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué mine, which is presently ranked as fourth... →
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